# Comparative Advantage: OECD/Non-OECD and Income Terciles

| Variable | Full | OECD | Non-OECD | Inc: Low | Inc: Mid | Inc: High |
|:---|---:|---:|---:|---:|---:|---:|
| Z_1 | 95.1476** | -275.0157*** | 156.4617*** | 349.5664*** | 55.9984 | 72.3223 |
| | (41.0924) | (90.1285) | (48.5916) | (100.3085) | (72.7697) | (58.4689) |
| Z_2 | -14.0199** | 33.8703*** | -21.2721*** | -49.3737*** | -7.7697 | -11.3383 |
| | (6.1359) | (12.2917) | (7.3729) | (15.8173) | (10.8127) | (8.2891) |
| Z_3 | 0.6500** | -0.9911** | 0.9079*** | 1.9832*** | 0.3198 | 0.5837* |
| | (0.2527) | (0.4717) | (0.3078) | (0.6685) | (0.4422) | (0.3360) |
| fiscal_bal_gdp | 0.3590*** | 0.5031*** | 0.3250*** | 0.0897 | 0.5082*** | 0.6180*** |
| | (0.0369) | (0.0737) | (0.0432) | (0.0732) | (0.0698) | (0.0652) |
| nfa_gdp_lag | -0.6622* | -2.5582*** | -0.3955 | -0.8409 | -0.9485 | 0.6419 |
| | (0.3756) | (0.7804) | (0.4346) | (0.7234) | (0.5892) | (0.7090) |
| rgdp_growth | 0.1301*** | 0.3510*** | 0.1073*** | 0.0257 | 0.3217*** | 0.0684* |
| | (0.0210) | (0.0458) | (0.0242) | (0.0489) | (0.0404) | (0.0386) |
| kaopen | 1.1253*** | 0.0691 | 1.6923*** | 2.1551** | 1.9431*** | 0.3804 |
| | (0.4316) | (0.5884) | (0.5374) | (0.8949) | (0.6675) | (0.8138) |
|:---|---:|---:|---:|---:|---:|---:|
| N | 4745 | 1301 | 3444 | 1369 | 1398 | 1649 |
| R² | -0.0955 | -0.4179 | 0.1651 | 0.1249 | 0.0030 | -0.3090 |
| Countries | 161 | 37 | 124 | 68 | 84 | 72 |

*Panel GLS with country and year fixed effects. Standard errors in parentheses.*
*\*p<0.1, \*\*p<0.05, \*\*\*p<0.01*